HUB24 posts record June quarter & annual net inflows

Company News

by Anna Napoli

Investment platform, Hub24 (ASX:HUB) has announced 32.4 per cent increase in June quarter net inflows to $979 million.

The company finished the financial year with record annual net inflows of $3.9 billion.

Funds Under Administration (FUA) of $12.9 billion were up 54.3 per cent on the year earlier period.

HUB24 says it has maintained its first place ranking for adviser primary platform advocacy and increased its overall adviser satisfaction ranking to second place in the most recent Investment Trends Planner Technology Report.

Shares in Hub24 (ASX:HUB) closed flat at $11.30 yesterday.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.